Carter has been associated with Colltech since 2005 after leaving Solbec in a complete shambles and imbroiled in a major conflict with the TGA. It has taken the new management of Solbec a lot of effort and time to re-establish a reasonable working relationship with the TGA.
additionally under Carter they had huge cash burn rate is now only about a third of what it was under Carter.
It been nearly 12 months since OVICOL C got it approvals and 8 month since the PCIA in China and still we have NO SALES. With $1.2M in the bank, all loan facities drawn down and a cash burn cash burn of $800K/qtr, I wonder how long Colltech can last without some major revenue inflow.
As I have said before, all we need is some major sales to turn it around.
Carter has been associated with Colltech since 2005 after...
Add VIT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.7¢ |
Change
0.001(1.04%) |
Mkt cap ! $55.85M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $23.72K | 240.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 162123 | 6 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| VIT (ASX) Chart |